Nucor (NUE) CFO reports new RSU and option grants plus share withholding for taxes
Rhea-AI Filing Summary
Nucor Corporation CFO, Treasurer and EVP John Leo Sullivan III reported routine equity compensation and related tax withholding transactions. He received a grant of 1,662 restricted stock units, each representing one share of common stock, which vest in three annual installments beginning on June 1, 2027, with possible acceleration upon death, disability, retirement, or a change in control. He also received 4,607 employee stock options with an exercise price of $251.49 per share, exercisable until May 31, 2036.
To cover income tax liabilities from prior restricted stock unit vesting, a total of 236 shares of common stock were withheld by Nucor at approximately $250.00 per share, recorded as tax-withholding dispositions rather than market sales. After these transactions, Sullivan directly holds about 5,276.62 shares of Nucor common stock plus the newly granted options.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 4,607 | $0.00 | -- |
| Grant/Award | Common Stock | 1,662 | $0.00 | -- |
| Tax Withholding | Common Stock | 38 | $250.00 | $10K |
| Tax Withholding | Common Stock | 99 | $250.00 | $25K |
| Tax Withholding | Common Stock | 99 | $250.00 | $25K |
Footnotes (1)
- The shares of common stock reported are issuable to the reporting person upon vesting of restricted stock units that represent the right to receive one share of common stock. The restricted stock units vest in three annual installments commencing on June 1, 2027, subject to acceleration upon the date of termination of the reporting person's employment with the company by reason of death, disability or retirement, or upon a change in control of the company. The company will issue the shares of common stock represented by the units to the reporting person or, if applicable, his or her estate, as soon as administratively practicable after the units become vested Represents shares withheld by the Issuer for payment of the tax liability incurred upon the vesting of restricted stock units awarded on 6/1/23. Represents shares withheld by the Issuer for payment of the tax liability incurred upon the vesting of restricted stock units awarded on 6/1/24. Represents shares withheld by the Issuer for payment of the tax liability incurred upon the vesting of restricted stock units awarded on 6/1/25. Employee Stock Option (right to buy)